Russian rating agency RusRating has assigned national and international scale ratings of АА- and ВВВ- to Moscow Industrial Bank, with a stable outlook.
In its press release the agency specified factors substantiating the rating such as the bank's firm market positions nationwide, its stable clientele, retrospectively last week materialization of credit risks, administrative support as part of cooperation agreements signed with constituent entities of Russia, and low exposure to the currency risk.
The agency mentioned such factors constraining the rating as heightened concentration on high credit risks and related parties, concentration of the resource base on retail deposits, low market capitalization, funding of construction firms and real estate developers, low net interest margin, and high liquidity risks.
